International
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July 08, 2025
UK Tax Crackdown On Wealthy Aims For £500M By 2030
Planned increases in HM Revenue & Customs' staffing and overall capabilities, including 400 people to focus on risks posed by offshore wealth, are expected to generate an additional £500 million ($678 million) in added tax compliance revenue by the 2029-2030 tax year, the British tax agency said.
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July 08, 2025
Asia-Pacific Tax Ratio Up But Below Average, OECD Says
The average ratio of tax to gross domestic product across 37 jurisdictions in Asia and the Pacific increased to 19.6% in 2023, 0.3 of a percentage point higher than the year prior, though that was still well below the OECD average of 33.9%, the organization said Tuesday.
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July 08, 2025
EU Gives Final Go-Ahead For Bulgaria To Switch To Euro
The Council of the European Union gave its final approval Tuesday for Bulgaria to transition to using the euro next year, with the bloc saying the change will give Bulgarians "real, everyday benefits" like easier cross-border payments and greater access to foreign investment.
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July 07, 2025
Wis. Rep. Pushes 2 Bills To Counter EU's Tech, ESG Rules
A Republican U.S. House representative recently introduced two pieces of legislation over European Union regulations the congressman has deemed to be burdensome to U.S. companies, according to a recent announcement from the representative.
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July 07, 2025
Countries Get August Ultimatum To Avoid US Tariff Hikes
Goods entering the U.S. from numerous countries will face tariff hikes beginning Aug. 1 unless their governments commit to address trade concerns the U.S. has raised, according to letters President Donald Trump sent Monday.
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July 07, 2025
IRS Didn't Mislead Coke In $2.7B Pricing Case, 11th Circ. Told
The IRS did not lure Coca-Cola to continue using a transfer pricing method only to suddenly declare it unlawful, as the beverage giant claims, the agency told the Eleventh Circuit on Monday in opposing the company's bid to reverse a ruling that added $2.7 billion to its tax bill.
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July 07, 2025
Trump Threatens Extra 10% Tariff On BRICS-Aligned Nations
President Donald Trump threatened an additional 10% tariff on any country aligning with what's known as the BRICS coalition, which includes Brazil, Russia, India and China.
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July 07, 2025
Apple's UK Tax Bill Surges On £1B In Profits
U.S. technology giant Apple paid more than £300 million ($409 million) in the U.K. last financial year after reporting profits of more than £1 billion in Britain, according to its company filing.
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July 07, 2025
Sweden Looks To Adopt EU's Min. Tax Reporting Rules
Sweden proposed adopting the European Union's reporting obligations related to the bloc's adoption of the Organization for Economic Cooperation and Development's global corporate minimum tax.
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July 07, 2025
Leaders Of €15M Motor Oil VAT Scheme Convicted, EU Says
Three ringleaders of a €15 million ($17.6 million) value-added tax fraud ring involving motor oil were among 13 people convicted for their roles in the scheme, with Italian courts handing out a combined 34 years in sentences, the European Public Prosecutor's Office said.
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July 07, 2025
Another Arrest Tied To Suspected €195M VAT Fraud
Authorities arrested a person in the Czech Republic believed to have been the ringleader of a cross-border value-added tax fraud scheme with ties to a larger transnational fraud ring suspected of causing €195 million ($228.8 million) in lost VAT, the European Public Prosecutor's Office said.
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July 03, 2025
G7 Deal's Details To Dictate How US Cos. Fare Under Pillar 2
Republicans' international tax changes in their major reconciliation bill that passed Thursday raise questions about the U.S. tax system's ability to coexist with the OECD-designed Pillar Two global minimum tax regime.
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July 03, 2025
Top International Tax Cases To Watch In 2nd Half Of 2025
Major multinational corporations such as 3M and Coca-Cola are expected to continue litigating high-stakes international tax cases in the second half of 2025, including disputes that could test the application of the U.S. Supreme Court's ruling that gutted judicial deference to agencies. Here, Law360 looks at seven key cases to follow the rest of the year.
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July 03, 2025
Federal Tax Policy To Watch In The 2nd Half Of 2025
While the extension of the 2017 GOP tax overhaul consumed much of Congress' attention during the first six months of President Donald Trump's second term, lawmakers have other tax issues on their agenda awaiting action. Here, Law360 examines federal tax policy to watch in the second half of the year.
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July 03, 2025
Top Federal Tax Cases To Watch In 2nd Half Of 2025
In the second half of this year, tax professionals will be keeping an eye on suits challenging the IRS' handling of employee retention tax credits and litigation over new microcaptive insurance regulations, as well as disputes over civil fraud penalties. Here, Law360 looks at the top federal tax cases to monitor during the rest of 2025.
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July 03, 2025
Circuit-By-Circuit Recap: Justices Send Message To Outliers
It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.
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July 03, 2025
The Moments That Shaped The Universal Injunction Case
The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.
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July 03, 2025
Trump Signs Republicans' Massive Tax, Policy Bill Into Law
In a resounding political victory, President Donald Trump signed congressional Republicans' sweeping tax and policy bill the day after the House narrowly passed the Senate's version of the budget legislation.
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July 03, 2025
The Firms That Won Big At The Supreme Court
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
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July 03, 2025
Breaking Down The Vote: The High Court Term In Review
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
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July 03, 2025
ECJ Revives French State Aid Fight Over Port Tax Breaks
A European Union court was wrong to refuse to consider a French local government body's state aid complaints over tax breaks granted to port operators by the country's government, the EU's high court ruled Thursday, sending the case back to the lower court.
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July 03, 2025
EU To Propose Measure Against Carbon Leakage Risks
The European Commission announced plans Thursday to introduce a new measure to address carbon leakage risks for goods produced in European Union countries that use a carbon border adjustment mechanism.
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July 03, 2025
Australia Lays Out Exemption Rules For Public Tax Reporting
The Australian Taxation Office is looking for feedback on draft guidelines for whether it would grant a corporation a claimed exemption from its new public country-by-country reporting rules, including information needed to justify such requests.
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July 03, 2025
EU Promotes Effective Clean Industrial Tax Incentives
European Union members should focus on two areas, accelerated depreciation and targeted tax credits, when designing tax incentives to support the bloc's clean industrial transition, the European Commission said.
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July 02, 2025
Top Federal Tax Policies Of 2025: Midyear Report
At the start of President Donald Trump's second term, the House and Senate invested most of their energy into advancing a budget reconciliation bill that would renew major parts of the 2017 Tax Cuts and Jobs Act and carry out other of Trump's campaign policies. Here, Law360 looks at the most consequential developments in federal tax policy from the first half of 2025.
Expert Analysis
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Tax Court Should Update Framework For Defining Insurance
The U.S. Tax Court's unnecessary determination in Royalty Management Insurance v. Commissioner that a fraudulent transaction did not contain the hallmarks of a legitimate insurance transaction applies an outdated analysis that threatens the captive insurance sector and illustrates the need for a more modern framework to define true insurance, says Matthew Queen at the Queen Firm.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.